Your firm has net income of $329 on total sales of $1,340. Costs are $740 and depreciation is $130. The tax rate is 30 percent. The firm does not have interest expenses. What is the operating cash flow? a. $459 b. $470 c. $329 d. $799 e. $600

Your firm has net income of $329 on total sales of $1,340. Costs are $740 and depreciation is $130. The tax rate is 30 percent. The firm does not have interest expenses. What is the operating cash flow? a. $459 b. $470 c. $329 d. $799 e. $600

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 10P: The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is...

See similar textbooks

Related questions

Q: The company sells 4200 units, what will net income be?

A: Step 1: Unit contribution margin Unit contribution margin = Selling price per unit - Variable cost…

Q: the cost of goods sold is

A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) represents the total cost…

Q: hi expert please help me financial accounting

A: Step 1: Definition of Total Dollar ReturnIn accounting and finance, the total dollar return is the…

Q: What is the total fixed cost when nothing is produced?

A: Explanation of Fixed Costs: Fixed costs are business expenses that remain constant regardless of…

Q: Timberline Services Company, a division of a major energy company, provides various services to the…

A: Explanation of Sales: Sales (also called revenue) represents the total amount of money generated…

Q: What is the gross margin percentage of this financial accounting question?

A: Step 1: Definition of Gross Margin PercentageThe Gross Margin Percentage is a financial metric that…

Q: General accounting question

A: Step 1:(a) The standard cost per unit is calculated as follows: Standard cost per unit = Total…

Q: general accounting is

A: Step 1: Definition of Budgeted Cost of Goods SoldThe budgeted cost of goods sold (COGS) is the…

Q: Hy teacher please provide answer

A: Understanding Degree of Operating Leverage (DOL)Definition: DOL measures the sensitivity of a…

Q: general accounting fina

A: Step 1: Definition of Dupont AnalysisThe Dupont analysis is a significant study in management…

Q: What is the level of its accounts receivable for this financial accounting question?

A: Step 1: Define Accounts Receivable Using Days Sales Outstanding (DSO)Days Sales Outstanding (DSO)…

Q: Hello tutor please help me

A: Step 1: Definition of Gross ProfitGross profit is computed by reducing revenue from the cost of…

Q: provide correct answer general accounting

A: O'Reilly Beverage CompanyStatement of Comprehensive Income For the Year Ended…

Q: Ajani Company has variable costs equal to 35% of sales. The company is considering a proposal that…

A: Concept of Contribution Margin RatioThe contribution margin ratio represents the percentage of sales…

Q: Sierra Adventure has a net income of 3 million this year

A: To determine Sierra Adventures' internal growth rate (IGR), we first calculate the Return on Equity…

Q: Hy expert please given answer

A: To calculate the total liabilities associated with the bond issue as of December 31, Year 1, we need…

Q: Cash flow cycle? Accounting

A: Step 1: Define Cash CycleIn the context of finance and accounting, there are two kinds of cycles…

Q: What is the amount of gain or loss recorded on the sale of this vehicle for this financial…

A: Step 1: Vehicle's book value.= original cost - accumulated depreciation = $180,000 - $120,000=…

Q: Quick answer of this accounting questions

A: Step 1: Definition of Historical Cost PrincipleThe Historical Cost Principle states that assets…

Q: Determine the manufacturing overhead application rate

A: Step 1: Definition of Manufacturing Overhead Application RateManufacturing Overhead Application Rate…

Q: Financial Accounting

A: Step 1: Definition of Corporation's Tax Basis in Property (Section 351)Under Section 351 of the…

Q: Answer

A: Given:Revenues = $12 billionGross Profit Margin = 60%SG&A Expenses = $3 billionStep 1: Calculate…

Q: Inventory turnover? General accounting question

A: Step 1: Define Inventory TurnoverThe inventory turnover is an efficiency ratio to measure how many…

Q: Abc

A: Step 1: Definition of Work-in-Process (WIP)Work-in-Process (WIP) refers to partially completed goods…

Q: answer plz

A: Calculating the Cash Conversion Cycle (CCC)The Cash Conversion Cycle (CCC) measures the time taken…

Q: The direct materials quantity variance is?

A: Explanation of Standard Quantity: Standard quantity represents the predetermined amount of materials…

Q: As Fixed or variable

A: Step 1: Requirements of the questionIn this question, we are required to determine whether the given…

Q: The Pixel Company reported total manufacturing costs of $186,000; manufacturing overhead totaling…

A: Concept of Total Manufacturing CostsTotal manufacturing costs refer to the sum of all expenses…

Q: Hi expert please help me

A: Step 1: Definition of Product cost in accounting:As per the accounting terms of GAAP and IFRS, the…

Q: Need answer

A: To calculate the gross profit margin, we need to follow the steps below: Step 1: Calculate the gross…

Q: answer is

A: Step 1: Definition of InvestmentInvestment is the allocation of resources, such as money, into an…

Q: The Aakash Company forecasts that total overhead for the current year will be $17,000,000 and total…

A: Concept of Predetermined Overhead RateThe predetermined overhead rate is a calculation used by…

Q: I want the correct answer with accounting

A: Step 1: Introduction to CVP AnalysisCVP analysis, or cost-volume-profit analysis, is a management…

Q: Provide Answer

A: Concept of Overhead Rate per Direct Labor CostThe overhead rate per direct labor cost is a method of…

Q: Help

A: Concept of Net IncomeThe net income of a business represents the profit earned after deducting all…

Q: A firm purchases machinery, which has an estimated useful life of 14 years and no salvage value, for…

A: Concept of Straight-Line DepreciationStraight-line depreciation is a method used to allocate the…

Q: What is the accounts receivable turnover rate of this financial accounting question?

A: Step 1: Definition of Accounts Receivable Turnover RatioThe Accounts Receivable Turnover Ratio…

Q: Average costing system?

A: Step 1: Definition of Process Costing and Weighted Average MethodThe process costing system is used…

Q: Given answer

A: Price-to-Earnings (P/E) ratio formula: P/E Ratio =Price per Share / Earnings per Share (EPS)…

Q: what will be the after-tax income?

A: Let's calculate the after-tax income.Given:Increase in sales revenue = $27,500Tax rate = 40%Since…

Q: Accounting problem with solution

A: Step 1: Analysis of information givenHigh Activity (January)Number of machine hours = 55,000Cost of…

Q: none

A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) represents the total cost…

Q: Ans plz accounting?

A: Step 1: Define Operating leverageOperating leverage is the level to which the firm can increase the…

Q: During the year

A: Step 1: Salary Expenses can be calculated by adding Salaries paid and Ending Salaries payable and…

Q: What is the maturity value of these financial accounting question?

A: Step 1: Define Maturity ValueThe maturity value of a note is the total amount due at the end of the…

Q: final answer

A: Concept: Stock Dilution* When a company issues new shares, existing shareholders' ownership…

Q: What's the Solution?

A: The question requires the determination of the ROE.Return on equity (ROE) is a financial metric that…

Q: Give answer please

A: Step 1: Definition of the High-Low MethodThe High-Low Method is a cost estimation technique used to…

Q: Help me this question solution

A: Step 1: Definition of Degree of Operating Leverage (DOL)Degree of Operating Leverage (DOL) measures…

Q: I want the correct answer with accounting

A: Step 1: Define Cost of Goods SoldThe cost of goods sold is the accumulated total that has been…

Question

What is the opereting cash flow. Provide answer

Your firm has net income of $329 on total sales of $1,340. Costs
are $740 and depreciation is $130. The tax rate is 30 percent.
The firm does not have interest expenses. What is the operating
cash flow?
a. $459
b. $470
c. $329
d. $799
e. $600

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

Your firm has net income of $315 on total sales of $1,260. Costs are $700 and depreciation is $110. The tax rate is 21 percent. The firm does not have interest expenses. What is the operating cash flow?
Please provide problem with correct answer accounting
Give true answer
s
I need answer of this question general accounting
I need answer please solve question general accounting
Suppose a firm has the following information: Sales = $10million; costs of goods sold (excluding depreciation) = $5 million;depreciation = $1.4 million; other operating expenses = $2 million;interest expense = $1 million. If the tax rate is 25%, what is NOPAT,the net operating profit after taxes? ($1.2 million)
Provide correct solution
A company has the following income statement. What is its net operating profit after taxes (NOPAT)? Round it to a whole dollar. Will need to find EBIT first. Sales $ 1,050 Costs 600 Depreciation 170 EBIT $ ? Interest expense 50 EBT $ ? Taxes (24%) ? Net income $ ?
Your firm has net income of $338 on total sales of $1,420. Costs are $780 and depreciation is $120. The tax rate is 35%. The firm does not have interest expenses. What is the operating cash flow?
Please give me answer accounting
Assuming Sunny-D Cafe has a tax rate of 30 percent, calculate sales for the firm given the following financial information: net income of $37,900; interest expense of $11,500; depreciation expense of $14,200; and costs of $80,900. Points: 1 A. $144,500 B. $154,143 C. $160,743 D. $165,114 E. Remember to breathe